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Revserse Charge Mechanism (RCM) : Cancellation Accounting Entries for Self Assesed taxes not created (Doc ID 2749695.1)

Last updated on FEBRUARY 04, 2021

Applies to:

Oracle Financials for India - Version 12.1.1 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
RCM cancellation accounting not generated in GL interface

EXPECTED BEHAVIOR
-----------------------
When the user cancels any AP invoice having RCM applicability, system should generate the reversal entries accordingly

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. (N)->India Local Payables
2. Create an AP invoice with RCM taxes.
3. Cancel the invoice.
4. Run India - Period Ending Process for Relevant GST registration number.
5. Observed that GL_interface is not populated with accounting entries for cancellation event.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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